Market Cap
$2,051,448,032.99
Volume (24 H)
$111,323,693.13
ALGO with marketcap of BTC
$52.4646
Algorand / U.S. Dollar Tweet Timeline of BigCheds

ALGO Sentiment Score of BigCheds

Tweets

About Algorand

What Is Algorand (ALGO)?

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $2.4 per token.

Who Are the Founders of Algorand?

Silvio Micali is a professor of computer science at the Massachusetts Institute of Technology, and the founder of Algorand. He is a recipient of the Turing Award (in 2012) for his fundamental contributions to the theory and practice of secure two-party computation, electronic cash, cryptocurrencies and blockchain protocols. This makes him one of the foremost creators of crypto in the world.

What Makes Algorand Unique?

Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol.

Related Pages:

Learn more about Ethereum.

Learn more about Avalanche.

Read more about our deep dive on Web 3.0.

Want to keep track of Algorand price live? Download the CoinMarketCap mobile app!

Curious about the crypto space? Read our educational section — Alexandria.

How Many Algorand (ALGO) Coins Are There in Circulation?

The genesis of the Algorand blockchain states that 10 billion ALGO was minted. The distribution of the fixed and immutable 10 billion ALGO will end in 2030, rather than the initial plan of 2024. For more information about Algorand’s tokenomics, see here.

How Is the Algorand Network Secured?

The Algorand blockchain is a permissionless pure proof-of-stake blockchain protocol. Unlike proof-of-work (PoW) blockchains, where the root block must be validated by randomly-selected validators (using computing power), in the pure proof-of-stake approach all of the validators are known to one another and only have to agree on the next block in order to create a new block.

Where Can You Buy Algorand (ALGO)?

Algorand can be bought on the following exchanges:

Coinbase

Binance

OKEx

Kraken

Huobi

To check Algorand price live in the fiat currency of your choice, you can use CoinMarketCap’s converter feature directly on the Algorand price page. Alternatively, use the dedicated exchange rate converter page. Popular Algorand price pairs include: ALGO/USD, ALGO/GBP, ALGO/AUD and ALGO/EUR.

Latest News On Algorand

Algorand Crypto Big Win in Nigeria on IP Exchange and Wallet - Where to Buy ALGO - Business 2 Community

Algorand Crypto Big Win in Nigeria on IP Exchange and Wallet - Where to Buy ALGO Business 2 CommunityALGO Price Analysis: Is a massive pump incoming for Algorand? - Cryptocurrency News The Market PeriodicalAlgorand (ALGO) Falls 6.5% Tuesday: What's Next for This Bearish Rated Crypto? InvestorsObserverAlgorand Shows Recovery at $0.30; Is It the Right Time to Buy ALGO? CryptoNewsZAlgorand Price Prediction: Why Algorand Failed to Recover InvestingCubeView Full Coverage on Google News

Thu, 30 Jun 2022 13:10:25 GMT

Music Streaming Company Napster To Launch Its Own Token On Algorand - Decrypt

Music Streaming Company Napster To Launch Its Own Token On Algorand Decrypt

Thu, 30 Jun 2022 12:15:36 GMT

Algorand Vs. Avalanche (2022 Edition) - Securities.io

Algorand Vs. Avalanche (2022 Edition) Securities.io

Thu, 30 Jun 2022 14:03:13 GMT

Green Crypto: What Are The Cryptocurrencies That Are Kinder to Nature? - BeInCrypto

Green Crypto: What Are The Cryptocurrencies That Are Kinder to Nature? BeInCrypto

Thu, 30 Jun 2022 01:40:00 GMT

AlgoPad Launchpad Officially Goes Live - Altcoin Buzz

AlgoPad Launchpad Officially Goes Live Altcoin Buzz

Thu, 30 Jun 2022 13:15:15 GMT

Why Vybe Decided to Build on Algorand By DailyCoin - Investing.com

Why Vybe Decided to Build on Algorand By DailyCoin Investing.com

Tue, 28 Jun 2022 08:00:00 GMT

Are Mehracki (MKI), Stellar (XLM), And Algorand (ALGO) Safe From Inflation? - Asianet Newsable

Are Mehracki (MKI), Stellar (XLM), And Algorand (ALGO) Safe From Inflation? Asianet Newsable

Wed, 29 Jun 2022 14:25:49 GMT

Three cryptocurrencies for passive income: Gorilix (SILVA), Algorand (ALGO) & Polkadot (DOT) - mid-day.com

Three cryptocurrencies for passive income: Gorilix (SILVA), Algorand (ALGO) & Polkadot (DOT) mid-day.com

Wed, 29 Jun 2022 07:42:00 GMT

Grayscale Bitcoin Trust Trades 35% Lower Than BTC Price After ETF Denial - Decrypt

Grayscale Bitcoin Trust Trades 35% Lower Than BTC Price After ETF Denial Decrypt

Thu, 30 Jun 2022 19:11:23 GMT

Cryptocurrencies under $1 to help you diversify on a budget - Invezz

Cryptocurrencies under $1 to help you diversify on a budget Invezz

Wed, 29 Jun 2022 09:56:20 GMT
1.3%
Average Weekly ROI
9.1%
Average Monthly ROI